BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Eventin//Event Calendar//EN CALSCALE:GREGORIAN METHOD:PUBLISH BEGIN:VEVENT UID:2e79b6d33b027db15bc6e11d854d3a33@fitc-ng.com SUMMARY:Digital Financial Services: DFS Risk Management Framework DESCRIPTION:Course fee: $3\,200\nBackground\nThe rapid expansion of Digital Financial Services (DFS) across Africa has fundamentally transformed the f inancial ecosystem\, driving unprecedented levels of financial inclusion\, transaction efficiency\, and digital innovation. Across Nigeria and the bro ader African continent\, the convergence of financial institutions\, teleco mmunications operators\, fintechs\, payment service providers\, and technol ogy platforms has created highly interconnected digital ecosystems that now support millions of real-time transactions daily. While this transformatio n has accelerated access to financial services and economic participation\, it has simultaneously introduced complex and evolving risks relating to cy bersecurity\, fraud\, operational resilience\, consumer protection\, data p rivacy\, third-party dependencies\, agent networks\, and systemic contagion . The increasing velocity\, scale\, and interconnectedness of digital trans actions mean that isolated operational failures or cyber incidents can rapi dly escalate into broader financial stability and reputational concerns acr oss the ecosystem.\nIn this environment\, traditional risk management appro aches are no longer sufficient to address the realities of modern digital f inance. Regulators\, financial institutions\, telcos\, and fintech operator s must adopt an integrated and forward-looking Digital Financial Services ( DFS) Risk Management Framework capable of providing real-time visibility\, proactive risk identification\, and coordinated ecosystem oversight. Such a framework must move beyond silo-based compliance models toward intelligenc e-driven and technology-enabled risk governance that incorporates cyber res ilience\, transaction monitoring\, fraud analytics\, third-party risk overs ight\, digital identity management\, cloud and API security\, operational c ontinuity\, and data governance. Equally important is the need for collabor ative supervision and information-sharing among regulators\, telecom operat ors\, payment providers\, and financial institutions\, particularly as digi tal finance ecosystems become increasingly borderless\, interoperable\, and platform-driven.\nA robust DFS Risk Management Framework should therefore serve not merely as a compliance tool\, but as a strategic enabler of trust \, resilience\, innovation\, and sustainable growth within Africa’s digit al economy. For regulators in the financial services sector (FSS)\, telecom munications industry\, and fintech ecosystem\, the imperative is to strike a delicate balance between accelerating innovation and safeguarding financi al integrity\, consumer confidence\, and systemic stability. This requires agile regulatory models\, harmonised supervisory standards\, AI-enabled sur veillance capabilities\, and strong public-private coordination mechanisms that can respond effectively to emerging digital threats and market disrupt ions. Ultimately\, the institutions that will lead Africa’s next phase of digital financial transformation will be those capable of embedding resili ence\, intelligence\, and adaptive risk governance at the core of their dig ital finance strategy.\n \n \n \n \nTarget Audience:\nThis course is de signed to equip a variety of actors across the regulatory landscape\, inclu ding:\n\nRegulatory Authorities in Sub-Saharan Africa\nRegulators in Nigeri a (CBN\, SEC\, NAICOM\, NITDA\, NIBSS\, PENCOM)\nCompliance Officers & Risk Managers in banks and FinTechs\nMobile Network Operators (MNOs) with mobil e money services\nTechnology and Cybersecurity professionals in DFS\nIntern al and external auditors\nPolicy makers and supervisors in financial servic es across Africa\n\nLearning Outcomes\n\nExplain the strategic role of Digi tal Financial Services (DFS) in serving the increasingly dynamic customers base in the banking sector.\nAppraise the risk exposures within the DFS eco system.\nApply critical principles to develop supervisory and policy framew orks for digital financial service providers.\n\n \nLearning Objectives\n\ nRecall the rapid growth in the global financial landscape fuelled by digit al financial innovation and technology in financial services\nIdentify the associated and emerging risks in digital financial operations.\nExplore str ategies for embedding financial stability within DFS.\nApply key principles to design supervisory frameworks for DFS providers.\nAnalyze policy issues to effectively regulate and supervise DFS.\n\n \nCourse Content\n\nIntrod uction to Digital Finance and Digital Financial Services\n\n\nDigital finan ce and its growth in Nigeria and globally.\nDigital Financial Service\; sco pe\, drivers\, players and new actors in the ecosystem (Banks\, FinTechs\, MNOs\, Regulators\, PSPs)\nDFS value chain: Mobile money\, digital banking\ , payment systems\, digital lending\, crypto assets.\nMobile technology and user interfaces\nKey regulatory perspectives on DFS (CBN\, IMF\, World Ban k\, BIS\, FATF guidelines)\n\n\nRisks and Risk Management in the DFS Ecosys tem\n\n\nCategories of DFS risks\n\n\n\n\n\n\nReputational risk\nRegulatory risk\nTechnological risk\nCyber risk\nFraud risk\nOperational risk\nThird- party/vendor risk\nConsumer protection risk\n\n\n\n\n\n\nDFS Risk Managemen t Framework: Principles and pillars\nInternational standards and frameworks (COSO\, Basel III/IV\, ISO 27001\,\n\n      FATF Recommendations\n \ n \n\nRisk Assessment in DFS\n\n\nRisk assessment methodologies for DFS\nR isk registers and heatmaps for DFS operations\nFraud typologies in DFS: SIM swaps\, phishing\, agent fraud\, synthetic identities\, social engineering \nTechnology & cyber risks in DFS: Hacking\, malware\, mobile vulnerabiliti es\, API risks\nThird-party/vendor risks: Cloud providers\, fintech partner ships\, MNOs\nConsumer protection and market conduct risks\nStrategies to a ssess DFS risks:\n\n\n\n\n\n\nIdentifying threats\nAssessing likelihood and impact of threats\n\n\n\n\n\n\nDFS Risk Mitigation\, Control\, and Complia nce Framework\n\n\nDesigning DFS internal controls framework (preventive\, detective\, corrective)\nTechniques to identify\, prevent\, and manage frau d in DFS\nBuilding robust cybersecurity frameworks (ISO 27001\, PCI DSS)\nA ML/CFT/CPF controls in DFS: Digital KYC\, transaction monitoring\, suspicio us activity reporting\nCross-border DFS oversight challenges\nOperational r esilience: Business continuity and disaster recovery in DFS\nOutsourcing an d third-party risk management\nConsumer protection and grievance redress me chanisms\n\n\nRisk Monitoring\, Reporting\, and Governance for DFS\n\n\nRis k monitoring techniques and key indicators for DFS\nMonitoring strategies f or DFS Risks\nData Governance and Interoperability\nInternal audit and assu rance in DFS risk management\nReporting DFS risks to management and regulat ors\nData analytics & AI in risk monitoring\n\n\nDesign and Implementation of a DFS Risk Management Framework\n\n\nGlobal best practices in DFS risk m anagement\nFramework design considerations\nSteps for effective implementat ion\n\n\nBusiness Models for DFS and Emerging Technologies\n\n\nOverview of the DFS value chain\nBusiness models:\n\n\n\n\n\n\nBank Model\nMobile Netw ork Operator (MNO) Model\nStand-alone model\n\n\n\n\n\n\nBitcoin and emergi ng payment technologies\nThe future of mobile banking\n\n\nConsumer Protect ion in DFS\n\n\nKey components of a DFS consumer protection framework\nCore DFS business aspects related to consumer protection:\n\n\n\n\n\n\nProduct design\nUser interface design\nAgent network management\nSystem availabilit y\n\n\n\n\n\n\nPolicy considerations and supervisory activities in consumer protection\nWorld Bank’s good practices for consumer protection\n\n\nPol icy Framework for Regulation\, Supervision and Licensing of DFS\n\n\nOvervi ew of policies and approaches to regulation and supervision of DFS\nThe Pol icy making lifecycle\; Agenda setting\; policy formulation\, policy adoptio n\, policy implementation\, monitoring and evaluation\nKey policy considera tions for regulating digital banks and unregulated DFS providers\nApproache s to mitigating fraud\, terrorism financing\, and money laundering in DFS\n Licensing forms and authorization\nKey policy considerations for licensing DFS providers\nSupervising and regulating DFS operations\n\n\nStrategies an d Tools for Effective Supervision of DFS\n\n\nProportionality and risk-base d supervision in DFS\nGlobal best practices for DFS supervision\nCybersecur ity strategies for DFS\nThe role of SupTech in enhancing DFS supervision an d integrity\n\n\nEmerging Issues in DFS: Data Privacy\, FinTech\, SupTech a nd RegTech\n\n\nIntroduction to data privacy concerns in DFS\nImplications of FinTech innovations\nRole of RegTech in regulating DFS\nRole of SupTech and RegTech in strengthening DFS oversight and compliance\nRegulating alter native currencies\nAligning DFS practices with ESG and sustainability princ iples\n\n \nField Visits & Practical Hands-On Learning:Participants will w ork in teams to design and present a Digital Financial Services Risk Manage ment Framework for:\n\nA mobile money operator\nA fintech digital lender\n\ nTo also complement the classroom learning\, there will be field visits tha t will provide hands-on exposure to understand oversight and licensing fram eworks for DFS applications in real-world settings. LOCATION:Kigali\, Rwanda DTSTAMP:20260612T211911Z DTSTART:20260727T070000Z DTEND:20260731T160000Z END:VEVENT END:VCALENDAR